Bank unions, IBA agree on 15% annual wage hike; 8.5 lakh employees, officers set to benefit
As many as 8.5 lakh bank employees are set to benefit from the wage hike, which will be effective from November 2017.
Jul 23, 2020, 01:50 AM IST
EPFO likely to hike monthly wage ceiling to Rs 25,000 on December 19
Retirement fund body EPFO is likely to approve a proposal to hike wage ceiling for coverage under its social security schemes to Rs 25,000 per month from the existing Rs 15,000 on December 19.
Dec 12, 2016, 23:27 PM IST
Rupee appreciation, wage hike may impact margins of IT players: Barclays
"Margins are expected to be negatively impacted due to rupee appreciation (100bps impact) and also by wage hikes at TCS, Infosys and Wipro," Barclays said.
Jul 08, 2014, 17:21 PM IST
IMF cuts US forecast; urges wage hike and job creation
The International Monetary Fund on Monday slashed its forecast for the United States and urged policymakers to keep interest rates low and raise the minimum wage to strengthen growth.
Jun 16, 2014, 20:19 PM IST
New Steel Minister okays wage revision in SAIL, 85K to benefit
Steel Minister Narendra Singh Tomar approved a 17 percent hike in basic and dearness allowances and 6 percent rise in perks for the company's non-executive employees.
Jun 12, 2014, 17:18 PM IST
